Online data room software simplifies the process of conducting due diligence audits and company or real estate sales and streamlines the process of bidding. It allows experts and Q&A administrators the ability to efficiently answer questions from interested parties by making their responses accessible to all bidders. It can also include watermarks to safeguard sensitive data. Other features include high-quality thumbnails for more than 30 formats of files, granular sharing and password protection, as well as security options like encryption at the bank level in transit and in rest. Moreover, it allows unlimited partner accounts that allow for vast collaboration.
It provides a unified platform that is accessible by using all major browsers like Chrome, Safari, and tablets and smartphones. Its secure cloud storage system enables users to access their documents and collaborate on them from any location in the world. Users can drag and drop files to upload or download them while ensuring full control over the version. The program also comes with an extensive search engine that supports simple and advanced queries that are able to easily handle large quantities of data.
It is an enterprise-level virtual data room that can be used for compliance as well as due diligence projects. It has the capacity to store and distribute high-value content across teams as well as clients, partners, and regulators in a safe online environment. It is also integrated with tools for managing workflow and project management to increase efficiency. This software includes security features such as a firewall, an antivirus and user permissions that are granular, and expiry of documents. It comes with an integrated PDF viewer that can export a list of all documents. Its customer service is based in the US and is available around all hours of the day.